THE GROUPE BPCE CLIMATE REPORT OCTOBER 2021

4 Metrics & Targets

Metrics for reducing the Group’s own environmental footprint

Business line Topic Metrics Situation in 2020 Targets for 2024
Business lineBusiness lineGroupe BPCE (87% of employees on permanent contracts) TopicTopicCarbon footprint MetricsMetricsCarbon footprint (in kilotons of CO2) - scopes 1, 2 and 3A Situation in 2020Situation in 2020521 Targets for 2024Targets for 2024500 (- 15% versus 2019)
CLIMATE ALIGNMENT METRICS MONITORED BY NATIXIS CORPORATE & INVESTMENT BANKING:
  • Mix of Green Weighting Factor colors (expressed as a % of bank loan outstandings).
  • Temperature indicator (TI, expressed in degrees Celsius, °C): this metric estimates the aggregate warming potential of assets reported on the balance sheet, i.e. the temperature increase relative to pre-industrial levels induced by all such assets (excluding financial sector and sovereign exposures).
  • Carbon intensity of financing activities (expressed in tonnes of CO2 equivalent per million euros of loan outstandings, tCO2-eq/€m): this corresponds to the sum of the carbon footprint attributable to each loan divided by its amount of outstandings, covering all balance sheet assets excluding the financial sector, i.e. €154 billion of loan outstandings.
  • Renewable energy financing (as a % of project financing amounts in the power generation sector and expressed as GW of installed capacity financed in the course of the year): this includes the amount arranged, the number of transactions, the installed capacity financed per type of energy, the share of renewable energy in projects financed in the course of the year and included in the portfolio.
  • Arrangement of green and sustainable bonds (in billions of euros and as a %): this is the amount of Natixis’ share in the bond issues and the share represented by green and/or sustainable issues in the aggregate total of issues arranged by Natixis.
  • Share of banking assets exposed to climate-related transition risk (as a % of risk-weighted assets) corresponding to assets rated ‘dark brown.’
  • Exposure to the fossil fuel sector (in billions of euros of outstandings): this is the aggregate amount of fossil-fuel industry financing held in the portfolio, including dedicated financing (of projects and assets) and non-dedicated financing to corporate clients active in the sector.
CLIMATE ALIGNMENT METRICS MONITORED BY NATIXIS INVESTMENT MANAGERS:
  • Carbon intensity of investments (expressed in metric tons of CO2 equivalent per million euros invested, tCO2-eq/€m): this is the carbon footprint (scopes 1, 2 and 3) of the investments divided by the value of assets under management.
  • Temperature indicator (TI, expressed in degrees Celsius, °C): this metric estimates the aggregate warming potential of assets under management, i.e. the temperature increase relative to pre-industrial levels induced by the assets held in the portfolio. The scope of this indicator corresponds to corporate assets, of which €476 billion are covered by S&P Trucost data. The approach proposed by S&P Trucost is based on methods validated by the Science Based Targets Initiative (SBTi) (see details of the method in the Natixis TCFD report).